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Belgrave Capital Management Ltd. /

Remuneration Disclosure

The Investment Firms Prudential Regulation (‘IFPR”) requires certain disclosures to be made by regulated firms which enable market participants to assess information on a firm’s risks, capital and risk management procedures. The FCA has implemented some of these requirements through the Prudential Sourcebook for MIFID Investment Firms (‘MIFIDPRU’) and the Senior Management Systems and Controls Sourcebook (“SYSC”).

BCM is considered a Small and Non-Interconnected (“SNI”) MIFIDPRU Investment firm with respect to the IFPR, and as such is subject to the FCA’s MIFIDPRU rules on remuneration (“the MIFIDPRU Remuneration Code”), which are set out in section 19G of SYSC. The FCA has created three levels for categorising firms to which different standards apply when considering the application of the MIFIDPRU Remuneration Code. As an SNI firm, BCM falls within the lowest level ‘Core’ part of the Code only, and so is permitted to dis-apply certain aspects of the MIFIDPRU Remuneration Code. This disclosure statement has been prepared by reference to the categories of information that the FCA considers should be disclosed by SNI firms.

Remuneration Disclosure 2023

This important information is addressed to you whether you are reading these pages for yourself or on behalf of another person (such as an employer). It is your responsibility to draw the contents of this information and the Legal Notice below to the attention of any other person on whose behalf you read these pages. It is also your responsibility to draw the contents of this page to the attention of anyone who may gain access in any way through you to other pages on this site without first reading this page.

Information displayed on this website contains material that may be interpreted by the relevant authorities in the country from which you are viewing the website as a financial promotion or an offer to purchase securities. Accordingly, the information on this website is only intended to be viewed by persons who fall outside the scope of any law that seeks to regulate financial promotions in your country of residence or in the country in which the website is being viewed. Examples of such persons may be governmental agencies, persons sufficiently experienced in investment business to appreciate the risks associated with investment services promoted on this site, large corporations and trusts and high net worth individuals. These examples are not country specific, may not be relevant to the country in which the website is being viewed and are provided for illustration purposes only. The information on this website is not intended to be viewed, or used, by any person or entity in any jurisdiction where this would be contrary to any relevant law or regulation or which would subject Belgrave Capital Management Ltd. (“BCM”), its affiliates, or any fund to any registration or other regulatory requirements of such jurisdiction. If you are uncertain about your position under the laws of your country of residence or the country in which the website is being viewed then you should consult your legal adviser.

The information provided on this site is not directed to any United States person or any person in the United States, any state thereof, or any of its territories or possessions.

You are responsible for first satisfying yourself as to the full observance of the laws and regulatory requirements of your jurisdiction, including the obtaining of all relevant consents which may be required and observing any other relevant formalities. N.B. The information on this website is intended only for the use of suitable, institutional, sophisticated, professional investors that qualify as Professional Clients or Eligible Counterparties under the FCA rules. The services provided by BCM are available only to such persons. The information in this website is not intended for the use of and should not be relied on by any person who would qualify as a Retail Client.

By accessing and using the BCM website www.ceresioinvestors.com/belgrave and the pages thereof you acknowledge that you have reviewed the Important Information above and the Legal Notice below (together, the “Conditions”) and understand and agree to the terms and conditions contained therein. In particular, you confirm that:

1. you qualify as a Professional Client or Eligible Counterparty under the FCA rules; and

2. you are not accessing this website from the US and you fall outside the scope of any law that seeks to regulate financial promotions both in the country of your residence and in the country in which you are viewing this website, and therefore by accessing this website you will not contravene or cause BCM to contravene any such law.

You may not use this website for any purpose that is unlawful or prohibited by the Conditions. If you do not agree to the Conditions, do not access or use this site in any way.

This website is provided for information purposes only. Nothing on this website is intended to form the basis of a decision to purchase any investment product or as the basis for any other investment decision. Nothing on this website constitutes a solicitation, invitation, recommendation or offer in respect of any securities, investment products or investment advisory services and should not be interpreted as such. In addition nothing on this website constitutes any investment, legal, tax or other advice nor should be interpreted as such. BCM or its subsidiaries or associates shall not be a fiduciary and you should consult with such advisers as you deem necessary to assist you in making any investment decisions.

Past performance is not a reliable indicator of future performance. The price of shares and units, and the income from funds, can go down as well as up and may decrease or increase as a result of changes in rates of exchange. An investor should be aware that an investment may involve a high degree of risk and any investment objective may not be realised and the original amount invested may not be returned.

The information on this website is based on sources believed to be reliable, but which have not been verified and may not be comprehensive, and is subject to change without notice. No express or implied warranties or representations are made with respect to the information contained on this website and all warranties of originality, accuracy, completeness or fitness for a particular purpose are hereby expressly disclaimed. Certain assumptions may have been made to produce the results contained herein with the effect that changes to the assumptions may have a material impact on any returns detailed. No representation is made that any returns indicated will be achieved. Price and availability are subject to change without notice. Any investment decision made in relation to any fund should be made solely on the basis of that fund’s current Prospectus, including paying full regard to investment risks detailed therein.

No responsibility or liability is accepted by BCM or any affiliate for any direct, indirect or consequential loss or damage suffered by any person arising out of any error, inaccuracy or any omission, negligent or otherwise, of any information on this website nor is any responsibility accepted to update or correct any inaccuracies which may become apparent on this website. BCM will also not accept responsibility for any misrepresentations made from unauthorized access to the BCM website.

In the event that you access information displayed on another entity’s website via a link that may be included herein, you do so entirely at your own risk and BCM or any affiliate make no representations or warranties and can provide no guarantees regarding the content of such sites.

BCM and its affiliates do not represent or warrant that this website or the servers that make the website available will be uninterrupted or free from error, infection, viruses, worms or any other harmful code which may have contaminating or destructive properties. No responsibility is accepted for any direct, indirect or consequential interference, loss or damage to your own information technology systems, any records or other information stored thereon or those of any other person, which arises in connection with your use of, or failure to access this website or any linked website.

You agree to indemnify BCM and its officers, agents and affiliates from and against any claim brought by third parties against BCM and its officers, agents and affiliates as a consequence of your breach of the Terms of Use. Furthermore, if your use of this website results in the need for servicing, repair or correction of equipment, software or data, you assume all costs thereof.

Privacy Notice & Cookies Policy

BCM are committed to respecting your privacy. The General Data Protection Regulation (known as GDPR) took effect on Friday 25th May 2018. This impacts how we may use your personal data and also requires us to give you information on how we gather and use personal data. For more information about how we use and store personal data, please www.ceresioinvestors.com/belgrave to read our Privacy Notice and Cookies Policy.

Confidentiality

Certain parts of this website are accessible only with a password. If BCM issues you with a password (a “Password”) you shall keep it confidential and not share it with any other person. You shall keep content accessed with a Password confidential and not disclose it to any other person. This does not apply to any content which comes into the public domain other than through your breach of these Conditions. You shall be responsible for any access to the website (whether or not authorised by you) made using such Password.

Termination

BCM may terminate your access and use of any part of this website at any time without notice (whether or not you are in breach of any of these Conditions).

Law and Jurisdiction

These Conditions shall be governed by and interpreted in accordance with English law and the courts of England shall have non-exclusive jurisdiction to hear all disputes arising in connection with these Conditions.

Copyright

The copyright in this website and (unless otherwise indicated) its contents including all information, graphic code, text and designed are owned by BCM and should not be reproduced or distributed without its permission. Terms may be amended without notice to you and your continued use of the website following any changes will mean that you accept such changes. All rights are reserved.

BCM is authorised and regulated by the Financial Conduct Authority. Registered in England No. 3105821. Registered Office : 1 Old Queen Street, London, SW1H 9JA. www.ceresioinvestors.com/belgrave is the only domain address for BCM.
BCM is not responsible for the content of external web sites. © Copyright 2022 BCM.

If you require any additional information please contact BCM at 1 Old Queen Street, London, SW1H 9JA. Please note www.ceresioinvestors.com/belgrave is the only domain address for BCM.